This blog is about how the world stock markets perform and which way they will take next.I have developed my own technical tools during 30 years to give the investor early warnings for coming big changes in the main trends and for the trader to take positions before the markets react.
Click all charts.
10/08/2012
SP500 looks like DOW with a first S point at 1.393.75, second at 1.390.80 and last S point before a bigger drop is at 1,390.80. The downside looks more likely than the upside today. Now trading at 1.397.
It is important to know that if the US indexes open lower in New York there often is a rally up to around yesterdays close to take out earlier short positions and then sell themselves at the top and then go back down.
No comments:
Post a Comment